TechCrunch Founder’s Crypto Fund Subpoenaed By SEC

The U.S. Securities and Exchange Commission has reportedly subpoenaed the cryptocurrency investment fund launched last year by TechCrunch founder Michael Arrington.

Speaking to CNBC, Arrington confirmed the subpoena, which comes amid what is rumored to be a widening investigation into initial coin offerings (ICOs) by the U.S. securities regulator. It’s not entirely clear, however, how wide-reaching the investigation is or when exactly it began.